FRIDAY DEFI FLASHBACK! (PLUS WHAT'S HAPPENING NEXT WEEK!)
Happy Fri-YAY!
So, we’re doing a recap of this week in bullet point format. Here’s what we discussed this week, let’s goooooo!
We have the mind of Christ, we’re able to grasp and understand everything we need to, about crypto.
God knew we would be alive in 2022 with all the talk about blockchain technology and cryptocurrency, yet he STILL had us born in the year that we were born. We have no excuse!
CEFI Banking refers to banks that are tied to a central banking authority like the United States Federal Reserve Bank.
DEFI Banking refers to banks that are not tied to any central governing authority. It is banking for the people, by the people.
The ‘unbanked’ refers to people who don’t have a bank account for one reason or another: divorce, job loss, sickness, etc. DeFi banking can assist them because opening an account with a DeFi bank won’t require a credit report or the same level of verification as CeFi banks.
With DeFi banking we are the LENDERS! And this is why the interest rates with DeFi banks are so competitive - because the crypto you deposited in the DeFi bank, is providing liquidity!
95% of the wealth in the world is owned by just 5% of the population, we could be in that 5% by making the right moves right now!
My prayer for us all: I pray that what we’ve learned about this week helps us to transform the way we think about crypto; and that the eyes of our understanding are being enlightened daily so that we can not just dream about the wealth transfer … but physically see it in our accounts as well in Jesus name I pray, amen!
Next week, we’ll do some more on DeFi banking and its advantages, but also talk about how to get some free crypto. Yep, I said FREEEEEE!😀
Have a FUN weekend! Peace out!✌🏾✊🏾
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestion in this post.